Quick Answer: A multi bet is a bet that allows you to place multiple bets on different sporting events all within one bet.
Read on to learn more about strategies, tips and risks of placing a multi bet.
Understanding Multi Bets
Before we dive in, let’s first define what exactly a multi bet is. Simply put, a multi bet is a type of bet where you can combine multiple individual bets into one larger bet. This means that you can select multiple outcomes across different sports, events or games, and combine them into a single bet. Multi bets are also sometimes referred to as parlays or accumulators in different countries around the world.
Multi bets have become increasingly popular in recent years, as they offer the chance to win big with a relatively small investment. By combining multiple bets into one, you can increase your potential winnings significantly, as the odds of each individual bet are multiplied together to create a larger payout.
This means that you can bet on the outcome of multiple games, races or matches, and potentially win a large payout if all of your bets are successful.
Multi bets are popular among sports punters because they offer the chance to win big with a relatively small investment. By combining multiple bets into one, you can increase your potential winnings significantly, as the odds of each individual bet are multiplied together to create a larger payout.
Popular Sports for Multi Bets in Australia
Multi bets are extremely popular across various sports in Australia, with a few sports standing out including football, basketball, horse racing, and other major sports events like the Olympics and the World Cup.
Football is one of the most popular sports for multi bets in Australia, with many fans placing bets on the outcome of matches in the AFL, NRL, A-League, Premier League, and other major competitions. Basketball is also a popular option, with many fans placing bets on the outcome of games in the NBA, NBL, and other major leagues around the world.
Same game multis are also very popular with Aussie punters – allowing you to combine the odds of number of legs within the same footy match.
In recent times, many Aussie betting sites have also started offering same race multis – allowing you to select multiple runners within the same race to finish across a combination of the top 4 spots – and combine them into a single bet.
Advantages of Multi Bets
There are several advantages to placing a multi bet over a single bet on individual outcomes.
Increased Potential Pay-outs
One of the key benefits of placing a multi bet is the potential for larger pay-outs. Since you’re combining multiple bets into one larger bet, the overall payout can be significantly larger if all of the individual bets are successful.
Added Excitement to Sports Betting
Another advantage of multi bets is that they can add an extra layer of excitement to sports betting. Rather than placing individual bets on each game or event, a multi bet allows you to follow multiple outcomes at once, which can make watching sporting events even more thrilling.
Customization and Flexibility
Multi bets also provide a level of customization and flexibility that individual bets can’t match. You’re able to choose which individual bets to combine, which allows you to create a more personalized betting experience.
Disadvantages of Multi Bets
While there are several advantages to multi bets, there are also a few disadvantages to keep in mind.
One of the primary disadvantages of multi bets is that they come with a higher level of risk. Since all of the individual bets need to be successful for the multi bet to pay out, just one losing bet can result in the entire bet being lost.
Complexity for Beginners
The concept of multi bets can be more complex for beginners to understand compared to traditional single bets. Understanding how odds work and how to calculate potential pay-outs can take some extra effort, which can be daunting for new punters.
Limited Availability for Some Sports
Finally, multi bets may not be available for all sports or events, which is something to keep in mind when considering placing a multi bet.
How to Place a Multi Bet in Australia
Now that you know the advantages and disadvantages of multi bets, let’s go over how to place one in Australia.
Choosing a Betting Platform
The first step to placing a multi bet is choosing a reputable betting site that offers multi bets. There are many options to choose from, so take some time to research and compare different agencies to find one that suits your needs.
Selecting Your Bets
Once you’ve chosen a bookmaker, the next step is to choose which individual bets to include in your multi bet. This will depend on your personal preferences and the sports or events you’re interested in betting on. Remember to consider the odds of each individual bet and the potential payout.
Calculating Potential Pay-outs
Finally, it’s important to calculate your potential payout before placing your multi bet. This will help you understand the potential risk and reward of your bet, and will allow you to make an informed decision before placing your bet. Additionally, remember to always gamble responsibly and within your means.